FORM NO. 59
[See rule 20]
Application for approval of issue of public companies under section 88(2)(xvi) of the Income-tax Act
1. |
Name and address of the public company |
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2. |
Date and place of formation/incorporation (enclose a copy of certificate of incorporation under Companies Act, 1956) |
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3. |
Nature of business being carried out by the company/number of years in this business |
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4. |
Net worth of the applicant (enclose a copy of the latest audited financial statement along with last three years audited balance sheet) |
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5. |
The total capital the applicant company proposes to raise through the present equity/debenture issue |
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6. |
The objects of the present equity/debenture issue |
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7. |
Whether the present equity/debenture issue conform to the definition of ‘Infrastructure facility’ as defined in clause (ca) of sub-section (12) of section 80-IA of the I.T. Act ? If so, give details |
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8. Details of the eligible issue of capital |
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Number |
Face Value |
Premium/ discount |
- Equity Shares |
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- Debentures |
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(Enclose SEBI's approval) |
9. |
Nature and location of proposed infrastructure facility/power project (enclose clearance of the concerned authorities and agreement executed with the Government or Government bodies, if any) |
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10. |
Approximate year-wise investment required |
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11. Sources of proposed investment:
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(i) Eligible issue of the capital |
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12. Schedule of development of infrastructure facility/ power project
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(a) Planned date of commencement of project |
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(b) Planned date of commencement of operation of the project |
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13. |
Accounting policies (furnish the description of significant accounting policies) |
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14. Details of management :
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(a) Names of directors with their experience, qualifications and profession |
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(b) Names of the key personnel |
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(c) Organisational structure |
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(d) Board of directors of associate organisations, companies and their subsidiaries |
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15. |
Names and addresses of the bankers |
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16. |
Names and addresses of the auditors |
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17. |
Copy of the project report, if any. |
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I certify that the information furnished above is true to the best of my knowledge and belief.
Signatures of the authorised signatory |
Note : The application form (in duplicate) should be sent to the Board by the public company along with the documents as mentioned in the application form.
